Tuesday, October 8, 2024

September 2024 surplus was $63 billion

 Read: https://www.cbo.gov/system/files/2024-10/60730-MBR.pdf

The federal budget deficit was $1.8 trillion in fiscal year 2024, the Congressional Budget Office estimates. The estimated deficit for 2024 was $139 billion more than the shortfall recorded during fiscal year 2023.

Net interest on the public debt was $950 billion for the year, and $80 billion for September [$950 billion - $870 billion as of the end of August].

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The Federal Reserve now has a deficit of $199.8 billion as of 9/25/2024, (the last Wednesday in fiscal year 2024), compared to $193.3 billion as of 8/28/24.  So this increased $6.5 billion in the month.

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The National Debt as of 9/30/24 is $35.465 trillion. One year earlier on 9/30/23 it was $33.167 trillion.  So it increased 6.9% in one year.

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